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Edmalyn
Edmalyn has been engaged in a food vending business for over three years. She wants to grow her business so that she can save for the education of her three children.

Despite the hardship of this job, she patiently and successfully provides for their everyday necessities. She is aiming for high income that would improve their living condition. This motivated her to ask for a loan of PHP 9,000 to buy bananas to make banana chips and banana cue (fried bananas in brown sugar) to sell in the village.

Additional Information

About Alalay sa Kaunlaran, Inc.

This loan is made possible by Alalay sa Kaunlaran, Inc. (ASKI), which means “a partner in development.” ASKI has been in operation for 25 years and runs multiple successful initiatives in addition to microlending. Its main microfinance branch focuses on lending to microentrepreneurs, small farmers, and fisher folk. ASKI also provides microinsurance and marketing support for borrowers, as well as educational programs to develop the skills of both borrowers and staff. The ASKI Foundation funds community development projects such as a daycare feeding program and scholarships for children. ASKI Global helps overseas Filipinos develop entrepreneurial and financial skills to maximize the impact of remittances.

ASKI’s motto is “Together, let’s make things happen!” Join ASKI's Kiva Lending Team or view its website.

About Philippines

  • $1175
    Average annual income
  • 1167
    View loans »
    Philippines Loans Fundraising
  • $54,791,700
    Funds lent in using Kiva
  • 40.9
    Philippines Pesos (PHP) = $1 USD

Success!! The loan was 100% repaid

A loan of $225 helped Edmalyn to buy bananas to make banana chips and banana cue.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Dec 11, 2012
Listed
Jan 9, 2013
Currency Exchange Loss:
Possible
Ended:
Sep 23, 2013